Northbound Capital Records HK$13.36 Billion Net Inflows on July 15, Buying Alibaba and Tencent While Dumping Tracker Fund

According to Zhitong Finance, on July 15, Northbound capital recorded net inflows of HK$13.364 billion into Hong Kong stocks, with Shanghai Connect accounting for HK$4.497 billion and Shenzhen Connect HK$8.866 billion.

Key buying targets included Alibaba-W (HK$3.09 billion), Tencent (HK$1.805 billion), and Meituan-W (HK$1.286 billion). Northbound capital simultaneously dumped Tracker Fund (HK$1.328 billion net outflows), China Zhouyuan Technology (HK$653 million), and Huahong Semiconductor (HK$230 million).